Dealers have a whole new option for purchasing cars at auction — bid by night. Insurance Auto Auctions Inc. this week announced the launch of its first-ever nighttime auto auction series, called Stars of Atlanta. The weekly auctions will be held at IAA’s Atlanta East branch in Winder, Ga. IAA described the Stars of Atlanta […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MEDFORD, Ore. — Three members of Lithia Motors' management team all voiced strong opinions about the Consumer Financial Protection Bureau's recent guidance on indirect auto lending and dealers' role in retail vehicle sales. All three reiterated not only their own processes but how the dealer body as […] [Read More]

WASHINGTON, D.C. — The Securities and Exchange Commission on Thursday charged Capital One and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis. Officials said an SEC investigation found that in financial reporting for the second and third quarters of 2007, Capital One […] [Read More]

IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Comprising the list of used vehicles were three pickups from domestic OEMs. The Top 10 included: 1. Ram 1500 2. Nissan Altima 3. Ford F-150 4. Dodge Charger 5. Chevy Silverado […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 124th store this week. Car-Mart broadened its footprint in Alabama by rolling out a dealership in Gadsden. The new location is the company's 13th dealership in Alabama and the 10th new dealership opening for fiscal year 2013.  Officials said the Gadsden dealership will be […] [Read More]

As the 2013 Auto Remarketing Canada conference, presented by CarProof, was wrapping up this past Tuesday evening, positive testimonials and feedback were already rolling in from the record 586 attendees that headed to the Fairmont Royal York in Toronto.  Over half of these attendees were dealers, with the remaining number including representatives from almost every […] [Read More]

Manheim announced today it is expanding its footprint in Canada. In an effort to reinforce its commitment to the Canadian marketplace, Manheim Canada has signed a partnership agreement with Source Auto Auction — a new auction facility in Edmonton, Alberta, owned by Danny Fayad. [Read More]

Web-based automotive remarketing system TradeRev revealed this week it is partnering with CarProof to offer vehicle history reports on every vehicle listing on TradeRev’s online auction system. Starting Wednesday, this new agreement will help ensure full disclosure and transparency on every vehicle that passes through the TradeRev car auctioning system, the companies said. [Read More]

Social media is a social construct, a relationship, which happens to take place in a public digital space. Many car dealers have begun to look to social media as a cost-effective way to get their messages in front of people who have already done business with them, or who might consider doing business with them. […] [Read More]

Lithia Motors is loving the results its used-vehicle division is generating — production such as used-model retail same store sales increasing by 22 percent during the first quarter. But top executives are quick to point to the managers and personnel doing the day-in, day-out work to make each part of Lithia’s used department move on […] [Read More]